Lease Option Question? - Posted by Steve

Real Estate Investing
1

Posted by Jim LaVerdi (Phx_Az) on November 19, 2000 at 17:18:10:

I failed to state that fact in my post and it is a very good one for everyone doing the Lease Option part of this business to realize.

Thanks Randle

Jim LaVerdi (Phx_Az)

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Lease Option Question? - Posted by Steve

Posted by Steve on November 19, 2000 at 08:06:12:

If I sign some up on a L/O how is option consideration taxed? Or is it?
Thanks,
Steve

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Re: Lease Option Question? - Posted by TRandle

Posted by TRandle on November 19, 2000 at 17:01:59:

Steve,
You also have the option of recognizing the income in the year it’s received, regardless of the tenant exercising or expiration. As it’s my belief that I will make more and more money each year, I don’t believe in delaying recognition of the income, so let your particular situation determine the best course of action.

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Re: Lease Option Question? - Posted by Jim LaVerdi (Phx_Az)

Posted by Jim LaVerdi (Phx_Az) on November 19, 2000 at 08:52:59:

It is not taxed until the “Tenant/ Buyer” exercises his /her option or backs out.

Jim LaVerdi (Phx_Az)